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Tri-Pack Films Ltd Announces 50% Distribution for 2023

November 3, 2023 Uncategorized

Karachi: Tri-Pack Films Ltd (TRIPF) saw its shares being traded at Rs. 124.80, while the daily weighted average rate was slightly higher at Rs. 125.37. The company, with a paid-up capital of Rs. 388.00 million, has been progressive in its distribution...

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ABL Financial Planning Fund Declines to Announce Distributions for 2023

November 3, 2023 Uncategorized

Karachi: The ABL Financial Planning Fund, encompassing different allocation plans, has not announced any distributions for the year ending in June 2023. The ABL Active Allocation Plan listed an offer price of Rs. 82.75 and a redemption price of Rs. 80...

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Pak Suzuki Motor Co. Ltd. Resumes Dividend After a Gap Year

November 3, 2023 Uncategorized

Karachi: Pak Suzuki Motor Co. Ltd. (PSMC) declared a dividend of 65% for the year ending in December 2023, after reporting no dividend in the previous year. The company's share price remained stable at Rs. 456.29. Pak Suzuki, with a paid-up capital of...

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K-Electric Limited Issues Sukuk Valued at Rs. 6.7 Billion

November 3, 2023 Uncategorized

Karachi: K-Electric Limited has made an entry into the debt market by issuing a Sukuk, KELSC6, with a tenure of 7 years, carrying a profit rate pegged to 3M KIBOR + 1.7%. The power sector company has raised a sum of Rs. 6,700,000,000 through this issu...

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Summit Bank Limited Announces 7-Year TFC at 6M KIBOR+3.25%

November 3, 2023 Uncategorized

Karachi: Summit Bank Limited has released a 7-year Term Finance Certificate (TFC) into the market, with a standard lot size of 1 and a face value of Rs. 5,000. This security offers a profit rate that is the sum of the 6-month KIBOR and an additional 3...

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JS Bank Limited Releases Perpetual Tier-I TFC at 6M KIBOR+2.25%

November 3, 2023 Uncategorized

Karachi: JS Bank Limited has announced its perpetual Tier-I TFC issuance, priced at Rs. 100,000 per certificate. The profit rate is fixed at the 6-month KIBOR with an added 2.25%. The bank has successfully issued TFCs valued at Rs. 2.5 billion, which ...

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Pakistan Aluminium Beverage Cans Ltd Delivers Strong Dividend Payout

November 3, 2023 Uncategorized

Karachi: Pakistan Aluminium Beverage Cans Ltd, listed as PABC, closed at Rs. 61.83, with a daily weighted average rate of Rs. 61.08. The company boasts a significant paid-up capital of Rs. 3,611.08 million. It announced a 15% dividend for 2021 and a s...

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Asianet Pakistan

Asia Net Pakistan is a website that provides press release distribution and publishes news online across various sectors including business, politics, sports, and entertainment. The primary goal is to keep readers informed about happenings that can impact their lives. The website publishes news and highlights issues, urging concerned authorities to address them.

  • PMD Forecasts Rain-Wind/Thundershower Across Several Regions

    2 days ago
  • UNESCO Adds 12 More Pakistani Sites to Tentative World Heritage List

    2 days ago
  • President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

    2 days ago
  • Sindh Government Launches Initiative to Restore Indus Delta

    2 days ago
  • DPM, Uzbek FM Discuss Matters of Mutual Interest

    2 days ago

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